News

Guyana’s Petroleum portal back up after hacking spurred by Court ruling on border case

Guyana’s Petroleum Management Programme has been restored one week after hackers vandalised the website. The malicious attack left the pages littered with graphics claiming ‘EL ESEQUIBO ES VENEZUELA’, a statement promoting Venezuela’s position on the border controversy, and maps...

Exxon conducting more drilling operations at prolific Fangtooth reservoir

ExxonMobil is moving forward with more drilling operations at the Fangtooth SE-1 well site in the Stabroek Block offshore Guyana.   OilNOW understands the Stena Carron rig will be engaged in the drilling activities situated approximately 100.8 nautical miles (186.6...

Tenaris grants Roberto Rocca Education Program Scholarships to four Guyanese students

Tenaris, a supplier of steel tubes and related services for the energy industry, has awarded four Guyanese students with the Roberto Rocca Education Program scholarships. The scholarship recognises the students' outstanding academic achievements and aims to foster technical education...

Shell restarts North Sea operations with big focus on gas production

Shell U.K. Ltd., a subsidiary of Shell plc, has completed the restart of operations at the Pierce field in the UK Central North Sea, following a significant upgrade to allow gas to be produced after years of the field...

SLB gets fresh impact study waiver from EPA for Guyana facility

Schlumberger, now SLB, has been granted a fresh exemption from the requirement to conduct an Environmental Impact Assessment (EIA) for its source storage and calibration facility in Guyana, located at Houston, East Bank Demerara.  The first was quashed by the...

Guyanese marine player acquires majority stake in Bourbon joint venture 

French offshore vessel player Bourbon said on Monday that Guyanese company Tethys Marine & Logistics, is now a 51% shareholder of the Bourbon Guyana Joint Venture. It said Guyanese now represent 75% of its directorship. A Guyanese company is defined...

Noble forging ahead with plans to increase local capacity in South America’s hottest basin 

Building Guyana’s local capacity remains paramount to Noble Corporation, the driller with the most rigs in the ExxonMobil-operated Stabroek Block.  Noble said its four-year Local Content Master Plan draws on set targets to use locals where applicable and invest in...

Total getting Block 58 “volumes right” before FID, likely in 2024 – Staatsolie asset manager

Exploration and non-operated venture asset manager at Suriname’s state-owned Staatsolie, Patrick Brunings is confident of a final investment decision for Block 58 next year.  Brunings told Hart Energy that operator TotalEnergies and APA Corporation are quantifying the finds it has...

Petrobras sale goes through despite Lula’s freeze on asset dumping 

Petrobras is still dumping assets, despite the directive from the Lula-led administration.  The state-owned company announced the closure of the Norte de Capixaba deal with Seacrest Petroleo, an independent that was recently listed on the Euronext stock exchange.  The company appears...

Work begins on Trinidad’s 112MW solar project 

Trinidad and Tobago took a major step towards achieving its clean energy goals as work officially began on the country's first utility-scale solar project. The sod-turning ceremony at Brechin Castle marked the beginning of the construction of the 112MWac...

Latest News

SBM Offshore secures US$250 million term loan to begin construction work on new Guyana-bound FPSO

SBM Offshore said it has secured a US$250 million term loan facility to commence construction work on the Jaguar...